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Mnuchin: Trump ‘will sign’ McConnell’s COVID-19 relief proposal

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Steven Mnuchin

Secretary of the Treasury Steven Mnuchin said Wednesday morning that President Donald Trump will sign the coronavirus relief bill put forth by Senate Majority Leader Mitch McConnell on Tuesday.

Mnuchin was on Capitol Hill for a meeting about the bill Wednesday morning when a reporter asked him about what the president would be willing to sign regarding COVID-19 economic relief.

“The president will sign the McConnell proposal that he put forth yesterday,” Mnuchin said.

Immediately after, he was then asked by another reporter about House Speaker Nancy Pelosi’s proposal for relief, about which the Treasury secretary couldn’t say much.

“I’m not going to comment publicly on it, but I did speak to her briefly and there’s also the other bipartisan proposal.”

It is not known when the coronavirus relief package will be passed. Negotiations for a second one have been stalled for months, will little to no progress being made. The first package, known as the CARES Act, was successfully passed back in March and provided much needed economic relief to the tens of millions of Americans left unemployed and small businesses struggling to stay afloat due to the pandemic.

Since then, there have been three other packages. However, struggling Americans were only cut stimulus checks in the first round and some reports indicate that there may not be checks sent this time around either.

So far, it has been generally speculated that the stimulus package won’t be passed until the next Congress commences in January and President-elect Joe Biden is sworn into office.

You can follow Douglas Braff on Twitter @Douglas_P_Braff.

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White House Confirms It Is Looking Into Shutting Down Oil Pipeline Amid Fuel Crisis

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Gas Pipeline

The Biden administration confirmed that it is considering shutting down an oil pipeline in Michigan despite the ongoing fuel crisis in the country.

“Revoking the permits for the [Line 5] pipeline that delivers oil from western Canada across Wisconsin, the Great Lakes and Michigan and into Ontario, would please environmentalists who have urged the White House to block fossil fuel infrastructure, but it would aggravate a rift with Canada and could exacerbate a spike in energy prices that Republicans are already using as a political weapon,” Politico Pro reported. “Killing a pipeline while U.S. gasoline prices are the highest in years could be political poison for Biden, who has seen his approval rating crash in recent months.”

Fox News reporter Peter Doocy asked about the report during Monday’s press briefing, asking, “why is the administration now considering shutting down the Line 5 pipeline from Canada to Michigan?”

“So, Peter, that is inaccurate,” Deputy Press Secretary Karine Jean-Pierre claimed. “That is not right. So, any reporting indicating that some decision has been made, again, is not accurate. … So, again, I would — it is inaccurate what you just stated, but —”

“What’s inaccurate?” Doocy asked.

“The reporting about us wanting to shut down the Line 5,” Jean-Pierre said.

“I didn’t say ‘wanting.’  I said, is it being studied right now?  Is the administration studying the impact of shutting down the Line 5?”

“Yeah. Yes, we are. We are,” Jean-Pierre admitted.

 

The news comes as gas prices have reached their highest since 2014, when Biden was vice president, and are currently about 50% higher than they were when Biden entered office.

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